Bank of Georgia Group PLC BOGG announces appointments to management team (3659O)
10 June 2022 - 12:00AM
UK Regulatory
TIDMBGEO
RNS Number : 3659O
Bank of Georgia Group PLC
09 June 2022
London, 9 June 2022
Bank of Georgia Group PLC Announces Appointments to the
Executive Management Team
Bank of Georgia Group PLC (the "Group") announces appointments
to JSC Bank of Georgia's (the "Bank" or "Bank of Georgia")
executive management team, with effect from 1 July 2022, subject to
necessary regulatory approvals.
David Davitashvili, currently Deputy Chief Operating Officer,
will be appointed as Deputy CEO, in charge of Data Analytics.
In addition, Levan Kobakhidze, the Bank's Chief Digital Officer,
will now report directly to the CEO and will become a member of the
Management Team.
Archil Gachechiladze, Bank of Georgia's CEO, commented: "I am
pleased to announce the appointment of David as Deputy CEO to lead
the data analytics function at the Bank. David has a track record
of strong performance, and during his many years with Bank of
Georgia, he has been committed to developing this organisation and
its people. I believe he will further strengthen the data analytics
function and uncover more opportunities to support teams across the
Bank. I am also pleased that Levan Kobakhidze, our Chief Digital
Officer, will now directly report to me and become a member of the
Management Team. Levan has been instrumental to the Bank's recent
digital transformation and has delivered great results. He will
continue to play a key role on the digital front together with the
rest of our team."
About David Davitashvili
Mr Davitashvili joined JSC Bank of Georgia in 2006 and has held
various senior positions, including as Head of Internal Audit from
2009 to 2017, covering both banking and non-banking subsidiaries,
and as Deputy Chief Operating Officer, overseeing various areas,
including collections end-to-end process, cash operations,
procurement and information security. Mr Davitashvili holds
Bachelor's and Master's degrees in management and microeconomics
from Tbilisi State University and an Executive MBA from Bayes
Business School (formerly Cass Business School).
About Levan Kobakhidze
Mr Kobakhidze joined JSC Bank of Georgia in 2018 as Head of
Start-ups Development and became Chief Digital Officer in 2019,
leading the development of the Bank's mobile and internet banking
platforms. Prior to joining the Bank, he held various positions at
other companies, including as Chief Digital Officer at a
telecommunications company and as head of business development at a
venture capital firm, managing various fin-tech startups. Mr
Kobakhidze graduated from Tbilisi State University with Bachelor's
and Master's degrees in business administration, and he also holds
a Master's degree in global strategy and leadership from Hult
International Business School.
Name of authorised official of issuer responsible for making
notification: Nini Arshakuni, Head of Investor Relations
About Bank of Georgia Group PLC
Bank of Georgia Group PLC ("Bank of Georgia Group" or the
"Group" and on the LSE: BGEO LN) is a UK incorporated holding
company. The Group mainly comprises: a) retail banking and payment
business (Retail Banking); and b) corporate banking and investment
banking operations (Corporate and Investment Banking) in Georgia.
JSC Bank of Georgia ("Bank of Georgia", "BOG", or the "Bank"), a
systematically important and leading universal bank in Georgia, is
the core entity of the Group. The Bank is a leader in the payments
business and financial mobile application, with strong retail and
corporate banking franchises. In line with our digital strategy,
the Group focuses on expanding technological and advanced data
analytics capabilities to offer more personalised solutions and
seamless experiences to our customers. Employee empowerment,
customer satisfaction, and data-driven decision-making, together
with the strength of the banking franchise, are key enablers of the
Group's sustainable value creation. By building on its competitive
strengths and uncovering more opportunities, the Group is committed
to delivering strong profitability sustainably and maximising
shareholder value. The Group expects to benefit from the growth of
the Georgian economy, and through both its Retail Banking and
Corporate and Investment Banking operations, it aims to deliver on
its strategy and its key medium-term objectives at least 20% return
on average equity (ROAE) and c.10% growth of its loan book.
JSC Bank of Georgia has, as of the
date hereof, the following credit
ratings:
Fitch Ratings 'BB-/B'
Moody's 'Ba2/NP'
For further information, please visit www.bankofgeorgiagroup.com
or contact:
Archil Gachechiladze Michael Oliver Sulkhan Gvalia Nini Arshakuni
CEO Adviser to the CFO Head of Investor
CEO Relations
+995 322 444 444
+995 322 444 144 +44 203 178 4034 +995 322 444 108 (7515)
agachechiladze@bog.ge moliver@bgeo.com sgvalia@bog.ge ir@bog.ge
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